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The Personal Finance & Tax Blog

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To discuss personal finance, tax, credit, and estate planning.

Recent Posts Tagged With 'estate'

• How To Minimize Probate Fees

  Posted on Friday May 23rd, 2008 at 14:49 in estate, estate planning, estate taxes, estates, joint accounts, joint tenancy, probate, probate fees, rrif, rrsp, will, wills

  Probate is process where the courts confirm the appointment of the estate trustee or executor. It provides a level of assurance to others that the will is valid and that your executor has the authori...

• What Is A Trust?

  Posted on Wednesday May 7th, 2008 at 12:41 in estate, estate planning, estates, financial planning, income splitting, personal trusts, trusts & estates

  Simply speaking a trust is a relationship where one person (the settlor) transfers assets to a trustee for the benefit of a third person (beneficiary).  The trustee manages the assets for the benefit...

• Why Have a Will?

  Posted on Wednesday April 9th, 2008 at 14:17 in beneficiary, estate, estate planning, will, wills

  Why Have A Will?The Will is a legal document that serves three essential and important purposes. First, the Will documents who you have identified as beneficiaries in your estate. Second, the Will app...

• Tax on the Principal Residence After Death

  Posted on Tuesday April 1st, 2008 at 20:29 in capital gains, capital gains exemption, estate, principal residence

  I had a visitor send in an e-mail with a rather interesting scenario to which I am completely perplexed.The visitor was the executor of an estate where the deceased’s principal residence was include...